TeaThe cryptocurrency sector has exploded with many virtual currencies all battling for dominance. With the advent of DeFi, many altcoins are expected to flourish in the coming future. ICON is one such cryptocurrency that is making headlines. The network uses blockchain technology to maintain a public ledger of all operations.
The ultimate objective was to use ICON to interconnect the blockchain framework and build a bridge across multiple public blockchains. All that by employing a special communication protocol. Are you one of the thousands who are interested in ICX price estimates? Look no further as we highlight laudable price targets for 2022 and beyond.
Observation
cryptocurrency | icon |
token | ICX |
USD value | $0.2684 |
market cap | $246,800,863 |
trading volume | $6,839,598 |
circulating supply | 919,483,096.00 ICX |
all time high | $12.64 (January 09, 2018) |
All time low | $0.1069 (January 03, 2020) |
* Figures are at press time.
ICON (ICX) Price Prediction
year | less likely | Average price | potential high |
2022 | $0.309 | $0.357 | $0.416 |
2023 | $0.364 | $0.500 | $0.707 |
2024 | $0.567 | $0.776 | $1.057 |
2025 | $0.849 | $1.126 | $1.611 |
ICON (ICX) Price Prediction for 2022
On January 1, open on altcoins $1.22but fell into a general decline by the end of February, when it closed $0.70, In addition, as of April 2, the coin . had reached the multi-week record of $1.11, After the launch of ICX on the cryptocurrency exchange OKCoin. As a result, after a momentary high, the currency fell sharply, reaching a low of $0.23 on June 18.
However, the deteriorating market trend brought the altcoin down $0.45 until 20 June. Sequentially, ICX was trading at approx. $0.2682,
Q3. ICX Coin Price Forecast for
ICON’s high throughput enables systems to be super-fast without sacrificing network performance or integrity. This may become inevitable, as the industry returns to normalcy. ICX price may chug to reach new highs $0.329 By the end of Q3.
However, a shrinking trend in the industry could pave the way for a downward trend. $0.248, May settle on average price, keeping bullish and bearish targets in mind $0.288,
Q4. ICON Price Forecast for
ICON has made several market-changing inventions since its introduction, along with its latest consensus and interoperability standards called BTP. Blockchain Transmission Protocol (BTP) assures that diverse blockchain systems can communicate with each other with very different technologies and consensus processes. As the complexity of the blockchain increases, BTP may become more useful. That being said, ICX could rise to $0.416,
Conversely, a potential financial disaster or regulatory action could reduce costs. $0.309, Given the bullish and bearish predictions, the average price could end at $0.357,
ICON Price Prediction for 2023
The ICON 2.0 network upgrade is expected to boost developer engagement and bring new DeFi initiatives to the ICON network. Consistently, the price may rise to its record high $0.707, You may get criticized for not meeting your expectations. In such a situation, the price may fall $0.364, Lack of completing efforts can lead to price discovery support $0.500.
ICX Price Prediction for 2024
This cryptocurrency offers a wide range of potential applications. Including e-commerce, securities trading, financial organizations, institutions of higher education, etc… Also, the coin is expected to grow if the community focuses on growing its potential audience and upgrading its platform. As a result, the cost can be as high as $1.057,
Conversely, if the altcoin fails to satisfy the customers and traders, the price could slide down. $0.567. As a result, the balance in business practices may be at the end of the year. $0.776,
ICON (ICX) Price Projection for 2025
ICON is a NexGen blockchain-based platform to support blockchain network interconnection and batch processing on a single layer. With the invention of new and improved features on the platform, it could gain momentum for a pricier tag of $1.611.
Conversely, a possible financial meltdown or a global market downturn could cause the price to drop. $0.849, However, considering the bullish and bearish targets, the average price can get its basis. $1.126,
What does the market say?
Wallet Investor:
According to the algorithmic ICX price forecast by Wallet Investor. Altcoins are projected to rise as high as $1.752 by the end of 2022. The company expects the average price to be $0.717, The business also hosts long-term forecasts. As a result, by the end of 2025, it expects the coin to rise to higher levels. $0.0249,
digital coin value
Altcoin has the highest expected price by the end of 2022, according to Digital Coin Price $0.37, Company analysts set minimum and average closing targets for the year $0.33 And $0.35, respectively. The site’s analysts predict the alternative currency will end at its potential high of 2025 $0.59,
Priceprediction.net:
For this year, the company’s experts have set a maximum completion target of $0.42, He believes that, while the change in incentives could reduce costs $0.37, it may cost $0.38 on average. Prediction also includes long-term forecasts. So the trade off of 2025 is expected $1.40,
Click here to read our Price Forecast for Moonbeam (GLMR).
What is ICON Network (ICX)?
ICON Network is a layer-one blockchain that aims to create a secure, scalable and multichain bridging solution. Additionally, ICON also acts as a hub to connect all other blockchains integrated via BTP to partner blockchains.
It is a network that was established in 2017 by a South Korean company. In addition, the ICON blockchain and its applications use ICX as their native currency. In essence, it is a complete network of blockchains to facilitate connections and interactions with various blockchain software programs across different networks.
The main objective of the team is to develop a worldwide network to enable various gadgets for efficient use in the coming future.
fundamental analysis
Min Kim co-founded the ICON Network in 2017. It is a cross-chain bridge, but unlike other bridge systems, ICON offers an interoperability option. One that is not constrained by the blockchain’s basic technology or the number of existing bridges. ICON is a portal that instantly connects any blockchain connected to the ICON ecosystem. Regardless of whether they were developed with ICON’s Goloop, Cosmos SDK, or Substrate.
The main players of the ICON network are Public Representatives (P-Reps) and ICONists. Whereas, ICONists are members of the ICON Republic, who entrust their ICX to the most successful P-Reps in exchange for the highest stake reward. P-Reps are validator nodes that perform functions that benefit the ICON network and secure the network.
Here are some of the highlights of ICON
- It encourages community governance using Delegated Proof-of-Stake (DPoS).
- The interoperability functionality of the ICON blockchain aims to promote the seamless exchange of resources across different blockchains.
- On the ICON blockchain, partners and entrepreneurs have access to a vast, instant network powered by ICX entities.
Coinpedia’s ICX Price Prediction
According to the ICON price prediction prepared by our experts, the coin has solid fundamentals and is backed by an enthusiastic team. That being said, the coin can rise to the maximum price. $0.4 If the bulls overtake the bears. On the other hand, the coin can almost touch the bottom. $0.3,
historical price analysis
2017-18
- During its early days, the ICON cryptocurrency saw an ICO. $42.75 M,
- As of October 29, 2017, it was worth $0.4559The coin continued to notice a surge in late 2017 and early 2018.
- It crossed the dollar limit in early November and continued to rise.
- The coin reached its peak on January 9, 2018, when ICX reached an all-time high. $12.64,
- However, the token fell down $1 till August.
2019-20
- After the mid-2018 collapse, the coin has been in the red for almost two years.
- It continued to trade in the range of from $0.1000 $0.276 By the beginning of August 2020.
- In August the coin started showing an increase and by the end of the year the coin stopped $0.4773.
2021
- The turning point of the cryptocurrency came on February 10, when it crossed $1 Intraday high with threshold for the first time after two years $1.38,
- This time the coin practically doubled in value this entire month and continued to rise till March.
- The month of May started well and the coin business was on top $2 range.
- On 14 December, it was trading at approx. $1.15, Its market capitalization at that time was roughly $775 millionRanking as the 101st largest cryptocurrency.
Click here to read our price forecast for Polkadot (DOT)!
wrapping up
In the long run, ICON could be a sensible crypto investment as it attempts to address the interoperability issue. However, the coin has some very solid rivals such as Metamask and Hyperledger which makes it important to outline its pros and cons. So let’s dive straight into the strength and downfall of the coin before wrapping up this ICX crypto price prediction.
professionals
- ICON enables free and instant execution of transactions.
- ICON is fully decentralized and open source.
- ICON works on encouraging the use of dApps and smart contracts.
Shortcoming
- ICON is still a new project and does not yet have the same level of recognition as some of its major rivals.
- The team needs to come up with more functionalities to make it stand out in the future.
questions to ask
The price of ICON has more than doubled since 2020, which can bring good returns if considered for the long term.
ICON is a secure platform, however, it has few major rivals in the industry. So you might consider adding a small amount of coin to your portfolio.
The average value of the coin is estimated to trade around $0.357 by the end of 2022.
Can strike record highs with maximum and minimum trading value of the coin $0.707 And $0.364 by the end of 2023.
Token may break out of its bearish market to reach highest trading price $1.611by 2025.